UPDATE 1-Conti AG drops Schaeffler merger plans - report

Newswire

* Conti advisors say merger won't bring gains - magazine * Conti should merge with Schaeffler auto ops - magazine * Any final decision up to Schaeffler - magazine * Continental declines to comment, Schaeffler unavailable * Continental shares up 1.8 pct, in line with sector (Adds details, background, Continental shares, Continental declines to comment) FRANKFURT, Dec 21 (Reuters) - German automotive supplier Continental AG no longer aims to merge with bearings maker Schaeffler, ...

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